Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: 11 June 2026
Case Overview
This order pertains to insolvency proceedings under Section 7 of the Insolvency & Bankruptcy Code, 2016, involving Realiable Finance Corpn Pvt Ltd as the applicant and Nature India Communique Ltd as the respondent. The tribunal considered multiple applications filed for taking on record quarterly progress reports in the liquidation process of Nature India Communique Ltd.
The applications included:
- IA (Liq.) Progress Report /482/ND/2025: Fifth Quarterly Progress Report (quarter ended 31.03.2025)
- IA (Liq.) Progress Report /250/ND/2025: Sixth Quarterly Progress Report (quarter ended 31.03.2025)
- IA (Liq.) Progress Report /628/ND/2025: Seventh Quarterly Progress Report (quarter ended 30.09.2025)
- IA (Liq.) Progress Report /242/ND/2026: Ninth Quarterly Progress Report (quarter ended 31.03.2026)
The tribunal noted that the Eighth Quarterly Progress Report had already been taken on record vide order dated 22.01.2026.
Final Outcome
The Adjudicating Authority allowed all four applications (IA/482/ND/2025, IA/250/ND/2025, IA/628/ND/2025, and IA/242/ND/2026) and took the corresponding progress reports on record subject to all just exceptions. The first three applications were disposed of. Two additional applications (IA/2784/ND/2024 and IA/2544/ND/2024) were listed for hearing on 20 July 2026.
The order was delivered by a bench consisting of Shri Mahendra Khandelwal (Member Judicial) and Shri Atul Chaturvedi (Member Technical) through hybrid hearing (physical and video conference).
Topics: Insolvency Proceedings, Liquidation Reports, NCLT Order